Bonds & Stocks
US Treasury bonds fell after a stronger-than-forecast reading on March employment prompted traders to pare bets on interest-rate cuts. S&P 500 futures fell 0.3%. The yield on 10-year Treasuries advanced four basis points to 4.34%.
Economy
US job growth rebounded in March and the unemployment rate unexpectedly fell, suggesting the labor market was stabilizing as the Iran war began. Nonfarm payrolls rose 178,000 last month, the most since the end of 2024.
World
Iran targeted more sites in Arab Gulf states overnight and into Friday, hours after US President Donald Trump issued fresh threats against Iranian infrastructure to pressure Tehran to start peace negotiations.